PENGARUH LEVERAGE, LIKUIDITAS, PERPUTARAN MODAL KERJA, DAN PERPUTARAN TOTAL ASET TERHADAP PROFITABILITAS DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERATING (Studi Empiris pada Perusahaan Pertambangan di BEI Tahun 2014 s.d 2016)

Abstract

High profitability reflects the company's ability to generate profits through its
operational activities. Conversely, low profitability reflects the company's operational
activities that are not good so that the company's ability to generate profits is low.
2015 was a difficult time for national mining companies, where there were several
companies that experienced a decline in profitability. The purpose of this study was
to determine the effect of leverage, liquidity, working capital turnover and total asset
turnover influencing profitability in mining companies listed on the Stock Exchange in
2014-2016 with the size of the company as a moderating variable. The population in
this study are mining companies listed on the Indonesia Stock Exchange (IDX) in
2014 to 2016, which amounted to 40 companies. The samples in this study were 31
companies with sampling techniques using purposive sampling. Types of data are
quantitative data and secondary data sources. The hypothesis testing model of data
analysis in this study is the Moderated Regression Analysis model. The results
showed: Leverage, liquidity, and asset turnover affect profitability, liquidity affects
profitability, while working capital turnover does not affect profitability. Company size
moderates the influence of leverage, and the effect of asset turnover on profitability.
But the size of the company is not able to moderate the influence of liquidity, and the
effect of asset turnover on profitability.